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SAULT.BACONINVESTIGATION
Aninformanthasprovidedthefollowinginformationtoyouragency:
By all indications, Saul T. Bacon appears to have stolen $30,000 from his
company,forwhichheworkedasComptroller.Baconmayhaveusedthestolen
money for a $12,500 down payment

Chapter 3 Short Answer Homework
Case 1
1. There are a few elements to consider when creating an atmosphere of honesty and high
ethics. First of all, hiring the right kind of employees is one of the most important aspects
that should be done after checking

Chapter 7 Homework
Short Case 1, 3, 9.
Case 1
There are a few investigative procedures that can be conducted in order to determine if
there is possible ongoing fraud. First of all, it is imperative to find out if there is any fraud
being done by the newly

Chapter 5 Homework
Case Study 1
After performing a vertical and horizontal analysis, I noticed a few things appeared unusual and
that there are a few possible symptoms of fraud.
1. It appears that revenue has increased in the first year, while inventory d

Chapter 7 Homework
Short Case 1, 3, 9.
Case 3
1. In this case, surveillance was the proper method to use. Most of the time, workers
compensation frauds are usually caught the majority of the time by surveillance.
Surveillance, when properly done, is done

Chapter 5 Homework
Short Case 7
Many people may have the impression that is is every auditors role to be able to detect
fraud within an organization. However, this is not necessarily true. There are certain factors that
make the auditors role difficult wh

Chapter 4 Short Answer Homework
Case 5
1. There are a few red flags that point in the direction of a possibility of fraud. First of all,
the difference of $41 million in bank loans eligible for receivables as well as the credit
memo processing immediately

Chapter 7 Homework
Short Case 1, 3, 9.
Case 9
Invigilation was an effective method to use in this case of gasoline theft because the
observation technique failed. It became quickly evident that theft was ongoing undercover
because of the inventory losses.

Audit
Professor Ross
Chapter 4.53,.54,.55,.63
53
a. Overstatements of inventory may occur due to errors in counting and pricing.
Understatements of liabilities and expenses
b. Understatement of assets may result from errors in accounting, wrong
applicatio

Chapter 12-Revenu
e- and Inventory-Related Financial Statement Frauds
Chapter 12-Revenue- and Inventory-Related Financial Statement Frauds
Student: _
1. _ involves selling unused assets for a promise to buy them or similar assets back at
roughly the same

Chapter 13-Liability, Asset, and Inadequate Disclosure Frauds
Chapter 13-Liability, Asset,
and Inadequate Disclosure Frauds
Student: _
1. Which of the following expenditures would be most suspicious if it were capitalized?
A. Equipment purchases
B. Comput

Chapter 14-Fraud Against Organizations
Chapter 14-Fraud Against Organizatio
ns
Student: _
1. Which of the following is more likely to help detect occupational frauds?
A. An internal audit
B. An external audit
C. A tip
D. Internal controls
2. Larceny is ea

1. If a unit of inventory has declined in value below original cost, but the market value
exceeds net realizable value, the amount to be used for purposes of inventory valuation is
A) net realizable value.
B) original cost.
C) market value.
D) net realiza

Chapter 3 Short Answer Homework
Internet Assignment
www.nw3c.org
1. a. Many corporate security experts estimate that as many as 25-40 percent of all
employees steal from their employers. This makes theft by employees two to three times
more costly than al

Chapter 3 Short Answer Homework
Case 7
1. One should not conduct a fraud investigation without predication. The term predication
refers to the circumstances, taken as a whole, that can lead to a reasonable prudent
professional to believe that fraud has oc

Chapter 2 Short Answer Homework
Internet Assignment
a. The ACFE is the worlds largest anti-fraud organization and premier provider of antifraud training and education. ACFE has nearly 80,000 members who make up the
organization in order to reduce business

Chapter 16
The Art of the Interview
The Art of the Interview
An interview is a conversation with a purpose.
The purpose of an interview is to obtain information and,
in some cases, a confession.
The great majority of white-collar crimes are solved by a

Chapter 18
Report of Investigation
Chapter 18
Importance of documenting an
investigation
Documenting an investigation is as important as performing it.
A poorly documented case file can lead to a disappointing conclusion,
can result in a dissatisfied cl

Chapter 20
Working with Attorneys
Chapter 20
Working With Attorneys
When matters arise at a company that
require investigation, in-house or outside
counsel often participate in or direct an
investigation. The forensic accounting
investigator often works w

Chapter 12
Potential Missteps: Considerations
When Fraud is Suspected
Chapter 12
Confronting Suspects
One step commonly taken by executives or auditors untrained in
fraud investigation is to confront a suspect with certain facts
immediately after discove

Chapter 14
Initial Considerations
Chapter 14
Timing
While audits are usually predictable in their
timing and fieldwork, most investigations are not.
Pending filing deadlines may affect the timing,
priority, and sequence of investigative procedures.
Notwi

I
llustrations of Accounting for Derivatives
Extension of Chapter 11
Web
This reading illustrates the accounting for the interest rate swaps in Examples 13 and 14 in Chapter 11. Web problem
DERIVATIVE 1 illustrates the accounting for the forward foreign e